The median of a data set is the measure of center that is found by adding the data values and dividing the total by the number of data values that is the value that occurs with the greatest frequency that is the value midway between the maximum and minimum values in the original data set that is the middle value when the original data values are arranged in order of increasing (or decreasing) magnitude
Frank is lending $1,000 to sarah for two years. frank and sarah agree that frank should earn a real return of 4 percent per year. instructions: a. the cpi (times 100) is 100 at the time that frank makes the loan. it is expected to be 113 in one year and 127.7 in two years. what nominal rate of interest should frank charge sarah?